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Sep 20, 2012 6:00am PDT
is not a good situation in the united states. >> especially if you're trying to grow the middle class. >> this is not a bad number for some of of spot the problem is that we're not creating jobs. >> i have heard and that some countries are bringing jobs back from china but there is automation that has trying to offset the price of labor. is the cost of labor going up in china? >> at some point in time. if it was made in japan, made in china at some point it will be made in thailand committed indonesia. we will continue to find a low-cost place. orc--made in indonesia. however, china has seen 11 consecutive months of slow growth. however, with europe continuing to grow. there is a race to see how the currency will grow. and i'm not saying that it is horrible. however, just a couple of percentage points. >> let us talk more about jobs with bank of america is going to be releasing 16,000 jobs by the end of the year. >> yes, at one point the want to try to slash $3 billion. with payroll cost cutting is savings. if you walk into a bank of america. it is a bit difficult. they are no longer
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